Robinhood turns to banking and agentic trading, expanding beyond crypto

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Robinhood is expanding its business focus from crypto to banking and agentic trading, aiming to become customers’ primary financial hub. Robinhood Banking has attracted nearly $5 billion in deposits from more than 350,000 customers who have made deposits; Agentic Trading Accounts has around 200,000 customers, with cumulative trading volume exceeding $1.6 billion. Peer-to-peer payments are expected to roll out more broadly over the coming weeks.